Article ID Journal Published Year Pages File Type
6679931 Applied Energy 2018 12 Pages PDF
Abstract
However, often electricity prices do not create sufficient feasibility for these to be installed thus calling for support schemes. The societal resources dedicated to support should be minimised while ensuring the establishment of an adequate amount and right ratio between these units. This paper presents a method for determining the capacities different support schemes will promote as a function of dedicated resources. The method is used in a comparison of two support schemes promoting combined heat and power; a premium on top of hourly wholesale electricity prices and a fixed Feed in Tariff. The comparison shows that the premium scheme requires a little less total support than the Feed In Tariff scheme for promoting a given amount of electrical capacity, but promotes a five-times larger thermal energy store capacity, thereby promoting substantially increased flexibility for integrating intermittent power production.
Related Topics
Physical Sciences and Engineering Energy Energy Engineering and Power Technology
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